Transjamaican grabs 80 percent of sharply reduced trades on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks traded dropping 89 percent, valued 44 percent less than on Friday, following seven securities changing owners, compared with eight on Friday with prices of three advancing, one declining and three ending unchanged.
The market closed with an exchange of just 62,270 shares for US$15,014, tumbling from 575,499 stocks at US$26,595 on Friday.
Trading averaged 8,896 shares at US$2,145 well below 71,937 stocks at US$3,324 on Friday, with a month to date average of 932,315 units at US$25,619, down from 1,012,116 stocks at US$27,647 on the previous day and compared to May which ended with an average of 71,616 units for US$3,425.
The US Denominated Equities Index gained 3.04 points to end at 212.03. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.4. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, Proven Investments remained at 11.01 US cents with investors dealing in 4,955 shares, Sterling Investments dipped 0.01 of one cent to 1.99 US cents after an exchange of 295 stocks and Transjamaican Highway popped 0.02 of one cent and ended at 2.37 US cents with investors trading 50,286 shares.
In the preference segment, JMMB Group 7.5% ended at US$2 with investors exchanging 6,070 stock units, JMMB Group US8.5% popped 1 cent in closing at US$1.01 closing with 606 units, Sygnus Credit Investments US 8% ended at US$9 with investors trading 50 stocks and Sygnus Credit Investments E8.5% rose 28 cents to US$9.48 as traders switched ownership of 8 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.